Any general obligation bonds shall also be payable from and secured by a pledge of the revenues and income of the commission remaining after the payment of the reasonable and necessary expenses of operating and maintaining the facilities to be constructed by the commission.
Structure Code of Alabama
Chapter 9 - Boards and Commissions.
Article 17 - Motor Sports Hall of Fame Commission.
Section 41-9-470 - Created; Purpose; Location of Exhibition Facility.
Section 41-9-472 - Powers and Duties.
Section 41-9-473 - Form, Maturity, Sale, etc., of Bonds.
Section 41-9-474 - Exemptions From Taxation.
Section 41-9-475 - Bonds Not Obligation of State, Counties or Municipalities.
Section 41-9-476 - Pledge of Revenues for Payment of Bonds.
Section 41-9-477 - Books and Records; Audits.
Section 41-9-478 - Liberal Construction of Article; Additional Powers.